COPE has two phases. Phase 1 of COPE involves ascertaining and evaluating trader weaknesses retrospectively based on trader calls made about crypto markets. Once a consistent list of the top 100 has been generated, it provides a narrative for a new type of investment product based on top trader calls as measured, which leads to phase 2. The second phase for COPE is an automated investment product that users can permission to trade on their behalf based on the COPE index. While the longer term vision is to support cross-chain trading, the immediate capability allows for integration of the Serum DEX which gives the ability for frictionless CLOB trading with active strategies. Investors will be able to select one of many active strategies, all of which are making use of the COPE index.